Common use of Amount of the Benefit Clause in Contracts

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 each, with a total of payments of $785,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

AutoNDA by SimpleDocs

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 4,666.67 each, with a total of payments of $785,000 560,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 16,500 each, with a total of payments of $785,000 1,980,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 10,041.67 each, with a total of payments of $785,000 1,205,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 each, with a total of payments of $785,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

AutoNDA by SimpleDocs

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 10,041.67 each, with a total of payments of $785,000 1,205,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

Amount of the Benefit. 3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly benefit payment in the form of 120 monthly installments of $6,541.67 8,333.33 each, with a total of payments of $785,000 1,000,000 (the "Benefit").

Appears in 1 contract

Samples: Supplemental Agreement (First Charter Corp /Nc/)

Time is Money Join Law Insider Premium to draft better contracts faster.